Time and Sales Tape Reading
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- Опубликовано: 14 ноя 2018
- Time and sales tape reading shows the "big orders," giving you an indication of where the smart money is placing their trades.
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This tape reading tutorial demonstrates the 4 factors important in using a time and sales tape trade strategy.
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Barry Burns
Top Dog Trading
TopDogTrading.com
Facebook: / doctorbarryburns
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RISK DISCLAIMER:
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You should never trade with money you cannot afford to lose. The information in this video is in no way a solicitation of any order to buy or sell. The author and publisher assume no responsibility for your trading results.
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HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. 
Хобби
TIME AND SALES WINDOW SHOWS VELOCITY OF MARKET AND TREND DIRECTION .BEST EXPLAINED IN THIS VIDEO . THANKS A LOT BARRY SIR.
You're most welcome Gautam
Everytime I see a new video from Dr. Burns, it feels like Christmas!
Well, that's very kind of you - Merry Christmas!!!
Great stuff Barry! Thank you for sharing your expertise...
You're very welcome Eric.
Great video. This really shows you what is going on behind the scenes. I use this all the time. It is so much better than using market delta because it is instant. I see traders just go long from the support with no idea that magentas (I use the hot pink in Ninja T and S) are printing and the sales are speeding up. It saved my trading bankroll. To me it is as close to a sure thing as you can get. Thanks.
100%, Thanks for sharing NIck!
Filtering the t&s to larger size orders is a new idea to me. Makes sense also. Thanks.
Glad you found it helpful.
How do you set order size in TOS?
@@coolvideomogul I personally don't use TOS. I wouldn't know. Sorry.
Great stuff, please Barry I missed the recent webinar on cycles precision entries can I get the video of the class sir?
Thank you Mr.berry. lots of love 🇨🇦🇨🇦
Same to you Ram!
Thank you for this great video.
You're very welcome Jayanth
Thanks barry - how does one get a platform to show this information? Please describe level 1 2 and 3 quotes as tgat is a little cloudy for me still
I feel this is significant...together with all the other key 'energies' in the market.....
It can provide an extra insight, especially very short-term.
Barry, the trades approached the support level on a flattish slope, so i expected it to got through
I like so much this video. If you want please share more!!! SOOO THANKS!
Thank you so much. I have over 200 videos here on RUclips. Feel free to check out more of them.
One thing I've discovered using this method of trading is that trend is most important when determining whether a block trade will work. If the trend is up and the price is close to a strong resistance area where shorting has taken place before..I would have to see a very large Block of selling..way over 100+. Saw one the other day for 387 sells. That got my attention.
Great addition to the topic of the video.
Great content, thank you! So is the speed is up, then it's indicative to the volume, correct? Volume bars up = speed in TS up, right?
The 2 are often correlated, but not always. The market can move quickly on low volume sometimes.
Hey Barry I took your first course and I am 30% in on course 2, I am trading the the MES and I use t&s what size filter would you recommend or equation you use to filter. Thank you I love your methods.
By "MES" do you mean the Micro S&P eminis?
I'm using NT8 how are you determining how someone has caught slippage. NT8 T&S asks about above ask price, at ask, and ask. Is it one of those parameters, or is ninjatrader 7 difference?
I haven't used NT7 for a long time, so I'm not sure about that.
Hi Mr Top, can you recommended any indicator for pace or speed of tape? THANKS for your job!
I've seen indicators for that, but found it better simply to watch the Time & Sales window directly.
Maybe useful to mention that T & S work with level 1 data, so no need for level 2 for this window, unlike the SuperDOM which requires Level 2. Also T & S is unfiltered by the data provider where Level 2 data may be (usually is).
T&S is different than Level 1 or 2. If you're interested in adding that to your trading, you'd really need to go to Level 3 instead of Level 1 or 2.
Hello thank you for the content I want to know how I can open time and sales on 6b or gbp futures ?
You're more than welcome. Your question is one you have to ask your charting software provider.
Hey there - what platform are you using to show Time and Sales data in this video & is it free?
Hi Sam. There are many platforms that include it for no extra cost. In this video I'm using NinjaTrader.
sir, could you tell me the software name or platform name ?? & which broker provide this software ?
BTW video was very informative.. thanks a lot.
The platform used in this video is NinjaTrader.
@@TopDogTrading Thank you sir.
Would you mind to share
How to set coloring like this in NT?
Thanks for the request. If there's enough interest perhaps I'll do another video showing more details like that.
Where get this indicator? Which broker prefer use it?icmarkets,xm.fbs etc.
It's not an indicator. Contact your charting software provider and ask if they have a "time and sales" window.
Where i can buy this doom for limit orders? Thank you.
It would be supplied by your broker.
Is time and sales along with level II even effective in trying to compete with HFT?
Nope - HFTs trade in a entirely different world than that.
TopDogTrading well I understand, so I should rephrase. Does HFT interfere with Level II and time and sales?
Sir, this is useful for Indian market also.
You can use lvl 3 for stocks
Yes, it's far better than Level 2.
You might wanna brush up on your running commentary Barry! 😂😂😂 Looks like a Great Tool though! 👌👌😊
😁
Thanks again.. I used to monitor orders but found out so many of them are fake orders. Especially on the crypto trading platforms.
Yes, some people do "game the market" in this way, which is one of the reasons tape reading isn't as easy as it looks!
Do you have any suggestions as to how see through the fake orders bots?
Fake orders are in the level 2. Not in t&s
Quagmire is that you???
Nothing in this time and sales that would be helpful to beginner traders who want to learn L2 time and sales. Wasting peoples time.
This video is really useless. No clear explanation on what the colors mean, what the slippage means, how to interpret everything as a whole etc..
His voice is almost a parody on how "white people talk"
Personally, I did not like your video training here. You could have said more explicitly that "When this happens, you can do this" or "When this happens, here's what we're looking to do." Or, "when this happens, this is what the market may do". Use your mouse to circle and point out what you're explaining. Instead, you just kept talking to fill up silent space. I had to figure out the scroll was going down and to look at what was coming in because you really didn't make that clear. Your title was also deceptive. Sorry, but I didn't like your video. I will continue to look for a better example.
Thank you for sharing your honest feelings, I appreciate it.
@@TopDogTrading Thanks for not getting upset in allowing my honest feedback. I know you can do better. I know you can! Just think about the type of questions most people would have when they are trying to learn something, and teach based upon explaining the answers to those type of questions. Most youtubers teach like "this is how you do something". How, how, how. They rarely teach based upon Why, Why, Why, because "why" requires thought. "How" doesn't require thought. Example. Why might this happen? You know why....blah, blah, blah. Here's another "why" to the same question...blah, blah, blah. You had questions when you were trying to learn. Teach Time and Sales going step by step showing people what each thing they see and what it means and relate that to the price action on the chart without jumping around. Stay on one topic until you complete it before moving on to the next topic. Then you can show people what can be done, what others do, and what you would do. That would be great. I bet most beginners will love that way of teaching. Just my thoughts and suggestion. And thanks again.